Hudbay Minerals (TSE:HBM) Price Target Increased to C$14.00 by Analysts at Raymond James

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target lifted by equities research analysts at Raymond James from C$11.50 to C$14.00 in a research note issued on Wednesday, BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 32.70% from the stock’s current price. Raymond James also issued estimates for Hudbay Minerals’ Q2 2024 earnings at $0.01 EPS, Q4 2024 earnings at $0.22 EPS and FY2025 earnings at $1.15 EPS.

HBM has been the topic of several other research reports. Scotiabank boosted their price target on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Canaccord Genuity Group boosted their price target on shares of Hudbay Minerals from C$10.50 to C$13.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Bank of America boosted their price target on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research note on Tuesday, April 9th. Stifel Nicolaus set a C$11.25 price target on shares of Hudbay Minerals and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Finally, CIBC upped their target price on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$11.06.

Hudbay Minerals Trading Up 0.4 %

Shares of Hudbay Minerals stock opened at C$10.55 on Wednesday. The company has a market capitalization of C$3.70 billion, a P/E ratio of 35.17, a P/E/G ratio of 3.97 and a beta of 1.96. The company has a debt-to-equity ratio of 62.93, a quick ratio of 0.85 and a current ratio of 1.25. The company has a fifty day moving average of C$9.08 and a 200 day moving average of C$7.54. Hudbay Minerals has a fifty-two week low of C$5.46 and a fifty-two week high of C$11.05.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, topping the consensus estimate of C$0.15 by C$0.12. The company had revenue of C$819.90 million during the quarter, compared to the consensus estimate of C$710.46 million. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. On average, sell-side analysts anticipate that Hudbay Minerals will post 0.681388 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of Hudbay Minerals stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total transaction of C$117,188.99. In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of Hudbay Minerals stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$9.45, for a total transaction of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of Hudbay Minerals stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total transaction of C$117,188.99. Insiders own 0.07% of the company’s stock.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.